DoubleDragon is thrilled to announce the recent acquisition of a 6,593 square-meter property by Hotel101 Global for the upcoming 680 Rooms Hotel101-Madrid in Valdebebas, Madrid, Spain. This prime location is situated right beside the F1 Grand Prix Track released by Formula 1.
Hotel101-Madrid stands as the sole upcoming hotel adjacent to the F1 Madrid Track, positioning itself to become one of the Top 5 largest hotels in Madrid, Spain. With the recent official announcement from Formula 1 regarding the Madrid F1 Grand Prix, DoubleDragon anticipates a substantial appreciation in the land value of this centrally located commercial property, potentially leading to an accelerated sales uptake. The Hotel101-Madrid project is expected to generate robust condotel sales revenue, estimated at approximately €143.3 Million Euros (₱8.8 Billion Pesos).
Having completed the land purchase on October 31, 2023, Hotel101 Global has now taken full possession of the prime land in Valdebebas, Madrid, Spain, located at Avenida Fuerzas Armadas. This strategic location is surrounded by major landmark buildings and is conveniently positioned within a 3-minute walk to the Valdebebas Train Station, a 4-minute walk to the IFEMA convention complex, a 5-minute walk to the Real Madrid Sports Complex, and approximately 7 minutes to the new Madrid Barajas International Airport.
The official announcement from Formula 1 on January 23, 2024, revealed that the Spanish Grand Prix will be held in Madrid starting 2026, following an agreement with MADRID IFEMA to introduce an all-new circuit to Madrid, Spain, featuring both street and non-street sections. This development, marking the return of F1 to Madrid after over 40 years, is a significant and welcome milestone for the city. The upcoming Grand Prix in Madrid is expected to have the capacity to host more than 100,000 attendees per day, solidifying Madrid as one of the largest venues on the F1 calendar.
Hotel101-Madrid is scheduled to commence construction in March 2024, with completion anticipated by Q4 2025, perfectly aligning with the 2026 F1 Grand Prix in Madrid, Spain.
Map illustration of the Madrid F1 Grand Prix based on official track layout released by F1
